<SEC-DOCUMENT>0001193125-17-366227.txt : 20180116
<SEC-HEADER>0001193125-17-366227.hdr.sgml : 20180116
<ACCEPTANCE-DATETIME>20171211155056
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-17-366227
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20171211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEWMARK GROUP, INC.
		CENTRAL INDEX KEY:			0001690680
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		IRS NUMBER:				814467492
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		499 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2128294775

	MAIL ADDRESS:	
		STREET 1:		499 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NRE DELAWARE, INC.
		DATE OF NAME CHANGE:	20161122
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>CORRESP</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 11, 2017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 1
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>[LETTERHEAD OF WACHTELL, LIPTON, ROSEN&nbsp;&amp; KATZ] </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">December&nbsp;11, 2017 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>VIA EDGAR
</U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Division
of Corporation Finance </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">100 F Street, NE </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Washington, D.C.
20549 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Attention:&nbsp;&nbsp;&nbsp;&nbsp; John&nbsp;Reynolds </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Suying Li </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Rufus Decker </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Jonathan Burr </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; text-indent:4%; font-size:10pt; font-family:Times New Roman">James&nbsp;Lopez </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Re:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmark Group,&nbsp;Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Amendment No.&nbsp;5 to Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>Filed December&nbsp;6, 2017 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:6%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>File <FONT STYLE="white-space:nowrap">No.&nbsp;333-221078</FONT> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On behalf of our client,
Newmark Group, Inc. (f/k/a NRE Delaware, Inc.) (the &#147;<U>Company</U>&#148;), we are providing the Company&#146;s response to the comment of the Staff of the Division of Corporation Finance of the Commission (the &#147;<U>Staff</U>&#148;) set
forth in its letter, dated December&nbsp;11, 2017, with respect to the above-referenced Amendment No.&nbsp;5 to the Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> (&#147;<U>Amendment No.</U><U></U><U>&nbsp;5</U>&#148;).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For the Staff&#146;s convenience, the text of the Staff&#146;s comment is set forth below in bold, followed by the Company&#146;s
response. Terms not otherwise defined in this letter shall have the meanings set forth in Amendment No.&nbsp;5. All references to page numbers in these responses are to the pages of Amendment No.&nbsp;5. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Unaudited Pro Forma Condensed Combined Financial Data </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Notes to unaudited pro forma condensed combined financial statements </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>(B) Separation of Partnership Interests, page 81 </U></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.<B></B></TD>
<TD ALIGN="left" VALIGN="top"><B>We note your response to comment 1. Please expand your footnote disclosure to describe in greater detail the terms associated with the redemption features for your redeemable partnership interests to support your
accounting.</B> </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman"><I><U>Response</U></I><U>:</U> In response to the Staff&#146;s comment, the Company proposes to revise page
81 of Amendment No.&nbsp;5 to include the additional disclosure set forth in <U>Annex A</U> hereto. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;&nbsp;* </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">U.S. Securities and Exchange Commission </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">December 11, 2017 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Page
 2
 </P> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you have any questions, please do not hesitate to contact the undersigned at (212) <FONT
STYLE="white-space:nowrap">403-1394,</FONT> or my colleague Raaj Narayan at (212) <FONT STYLE="white-space:nowrap">403-1349,</FONT> or, at Morgan, Lewis&nbsp;&amp; Bockius LLP, Christopher T. Jensen at (212)
<FONT STYLE="white-space:nowrap">309-6134</FONT> or his colleague George G. Yearsich at (202) <FONT STYLE="white-space:nowrap">739-5255.</FONT> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Very truly yours,</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">/s/ David K. Lam</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">David K. Lam</P></TD></TR>
</TABLE></DIV> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top">James R. Ficarro, Chief Operating Officer </TD></TR></TABLE>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmark Group, Inc. (f/k/a NRE Delaware, Inc.) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Stephen M. Merkel, Executive Vice President, General Counsel and Secretary </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BGC Partners, Inc. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Annex A </U></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Notes to unaudited pro forma condensed combined financial statements </B></P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(</B>A<B>)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Related Party Debt Financing/Interest Expense </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The unaudited pro forma condensed
combined statements of operations reflect an annual adjustment of approximately $40.0&nbsp;million&nbsp;for the expected interest expense on the Converted Term Loan and the BGC Notes that will remain outstanding following this offering. Pro forma
interest expense reflects interest expense based on the simulated weighted average annual interest rate of 4.92% on our indebtedness to be incurred. A 0.25% increase or decrease in annual interest rate or the weighted average annual interest rate
would increase or decrease pro forma interest expense by $2.0&nbsp;million annually. The following table reconciles the weighted average annual interest rate: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; width:44.85pt; font-size:8pt; font-family:Times New Roman"><B>Indebtedness</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Principal</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Rate</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Proforma&nbsp;Annual<BR>Interest&nbsp;Expense</B></TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Converted Term Loan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">400,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">3.7</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">14,734</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BGC Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">300,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">5.4</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16,125</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">BGC Notes</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">112,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8.1</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">9,141</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">812,500</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4.92</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">$</TD>
<TD VALIGN="bottom" ALIGN="right">40,000</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>(</B>B<B>)</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Separation of Partnership Interests </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">As described in &#147;Structure of Newmark,&#148;
immediately following the completion of this offering, Newmark will own less than 68% of the economic interest in Newmark OpCo, but will indirectly have 100% of the voting power and control the management of Newmark OpCo. Newmark Holdings owns the
remaining 32% interest in the Newmark OpCo. The founding/working partner units (which we refer to as &#147;FPUs&#148;), limited partnership units, and limited partnership interests held by Cantor, collectively, represent all of the &#147;limited
partnership interests&#148; in BGC Holdings and represent 8%, 61%, and 31% of Holdings, respectively. Net income (loss) is allocated between the limited partnership interests and the common stockholders based on their respective weighted-average pro
rata share of economic ownership of Newmark OpCo. The allocations of net income (loss) to FPUs and limited partnership units are reflected as a component of compensation expense under &#147;Allocations of net income and grant of exchangeability to
limited partnership units&#148; in Newmark&#146;s unaudited pro forma condensed combined statements of operations. The allocation of net income to Cantor units is reflected as a component of &#147;Net income attributable to noncontrolling
interest&#148; in Newmark&#146;s unaudited pro forma combined statements of operations. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">These pro forma adjustments adjust the historical
BGC allocations to reflect the economic impact of this new ownership structure and the other pro forma adjustments had it been in place as of the beginning of the period presented. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The capital attributable to Newmark Holdings is recorded as &#147;Redeemable partnership interest&#148; and &#147;Noncontrolling
interests&#148; in the Company unaudited pro forma condensed combined balance sheets. </P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Founding/working partners have a limited
partnership interest in Newmark Holdings. Newmark accounts for FPUs outside of permanent capital at their redemption value, as &#147;Redeemable partnership interest,&#148; in Newmark&#146;s unaudited pro forma condensed combined balance sheet. This
classification is applicable to FPUs because these units are redeemable upon termination of a partner, including a termination of employment, which can be at the option of the partner and not within the control of the issuer. The units are also
redeemable upon termination of a partner as a result of death. Upon termination, Newmark Holdings has a right, in the sole and absolute discretion of its general partner (which is owned 100% by the issuer), to redeem such interest for cash or,
instead, provide Newmark common stock or other property for such interest. </P>  <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">FPUs are held by limited partners who are employees and
generally receive quarterly allocations of net income. Upon termination of employment or otherwise ceasing to provide substantive services, the FPUs are generally redeemed, and the unit holders are no longer entitled to participate in the quarterly
allocations </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">81 </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>2
<FILENAME>filename2.pdf
<TEXT>
<PDF>
begin 644 filename2.pdf
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M"@"[#AS7N6VYX"L<//S-)9#]CFBTK(]M:)<%UD9(%W$@&/9TM9+[DHGA=RC
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M(Q1=BH-J1C\X9!Z@ ?TC$I)?@=L7?CMG=5'U9BEKQ^'9&<!#[#^\Y_AG;R]
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M?M]!\57)]$\GP*8D]QT6:B,+U<+V&8VZ;,@9?4!3@<]\%4+?_Q52.MFO.D>
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3<G1X<F5F"C(Q.30Q"B4E14]&"@$!

end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
